Global News

BioOutsource to open a Massachusetts lab facility in 2015

Thursday, June 26, 2014 02:13 PM

BioOutsource, a global provider of biologics contract testing and biosimilar characterization for the biopharmaceutical industry, plans to open a new North American testing facility in 2015. The last year has been an exceptional growth year for the company: global demand for outsourced testing services, coupled with BioOutsource’s continued investment in R&D and the opening of a BioSimilar Center of Excellence in Glasgow in February, has created the need to establish a new testing facility.

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WIRB Copernicus Group

Applikon Biotechnology, SecureCell collaborate

Thursday, June 26, 2014 02:09 PM

Applikon Biotechnology and SecureCell have signed an agreement for the worldwide marketing and sales of Advanced Process Information Management Software developed by SecureCell. The software allows the user to monitor and control bioprocesses and offers an extensive toolbox for analyzing process data cross platforms. Process information is generated based on data from different brands of bioreactors and a wide range of different cultivation volumes.

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CRF Health eCOA webinar series

Affymax to dissolve company

Thursday, June 26, 2014 01:52 PM

The board of directors of biopharmaceutical company Affymax has approved the liquidation and dissolution of the company, subject to stockholder approval, and plans to distribute all available cash to its stockholders.

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IMS Health acquires Cegedim’s CRM and software developer unit

Thursday, June 26, 2014 12:45 PM

IMS Health, which in the last year has been actively making acquisitions leading up to its April IPO, has announced its intention to acquire Paris-based Cegedim’s information solutions and customer relationship management (CRM) business for approximately $520 million in cash.

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Bristol-Myers Squibb, Duke Clinical Research Institute collaborate

Wednesday, June 25, 2014 02:15 PM

Bristol-Myers Squibb is collaborating with Duke University through its Duke Clinical Research Institute (DCRI), focusing on clinical trial transparency. BMS will expand access to a broader set of clinical trial information from in-scope, company-sponsored studies and enable an independent scientific review through DCRI of requests from researchers that meet pre-specified requirements.

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AbbVie outlines rationale for Shire offer

Wednesday, June 25, 2014 02:14 PM

Following Shire’s confirmed rejection of Abbvie’s offer on June 20, AbbVie has outlined its strategic rationale for, and background to, its proposal to the board of Shire of $34.74 in cash and 0.7988 ordinary shares of New AbbVie for each Shire share. The proposal represented an indicative value of $78.63 on May 29 (the latest practicable date before the proposal was made). While this cash and share mix is valued at $77.57 per share as of June 24, any firm offer made by AbbVie under Rule 2.7 of the Code will need to be equivalent to $78.63 per share.

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Report: Global biotechnology industry needs new paradigm for drug R&D

Wednesday, June 25, 2014 02:11 PM

The global biotechnology industry rebounded strongly in 2013, with public companies achieving double-digit revenue growth and a sharp increase in funds raised. However, much of the industry's growth was driven by a relatively small group of commercial stage companies, increasing the urgency for the rest of the industry to achieve greater efficiency in their drug development efforts. These are some of the key findings of Beyond borders: unlocking value, EY's 28th annual biotechnology industry report.

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ClinicalRM, Ohio Clinical Trials Collaborative partner

Wednesday, June 25, 2014 02:10 PM

CRO ClinicalRM and the Ohio Clinical Trials Collaborative (OCTC) have announced a co-marketing partnership offering joint services for clinical trials of new biologics, drugs and medical devices. The relationship will serve the organizations’ mutual customers with a full spectrum of development services including access to a network of veteran investigators, patient population identification, clinical operations and guidance on medical/regulatory affairs.

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Mersana Therapeutics, Merck ink $792 million agreement

Wednesday, June 25, 2014 02:08 PM

Mersana Therapeutics and the biopharmaceutical division of Merckhave agreed to collaboratively develop next-generation antibody-drug conjugates (ADCs). ADCs are composed of an antibody linked to cytotoxic drugs, whereby the antibody specifically targets and delivers the cytotoxic drug to cancer cells, which could lead to higher drug levels at the tumor site.

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Lundbeck completes acquisition of Chelsea Therapeutics

Wednesday, June 25, 2014 02:06 PM

Lundbeck has completed its acquisition of Chelsea Therapeutics International for $6.44 per share in cash and non-transferable contingent value rights that may pay up to an additional $1.50 per share upon achievement of certain sales milestones.

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